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POLITICAL AND MORAL ECONOMY IN THE FIRST DECADE OF THE TRANSITION IN CROATIA
Vojmir Franičević
; Ekonomski fakultet Sveučilišta u Zagrebu, Zagreb, Hrvatska
Sažetak
Using the analytical model and the categories of the American radical political economy as the starting point, the author analyses the dynamics of the economic changes in Croatia in the 1990s. Particularly significant for the understanding of that dynamics is one of its dimensions that the author, in line with classical political economy, calls the “moral economy of transition”. The basic institutional and social structure of the accumulation in Croatian economy of the 1990s was marked by state populism, clientelism and cronyism, the result of the HDZ’s model of “national capitalism” i.e. a specific collusion of the economic policy and the privatization. That model failed to address the major problems of development or to secure a satisfactory rate of economic growth. That is why the political-economic balance of Croatia’s first transitional decade is negative. The author concludes that the second decade requires a new political-economic model, one that will overcome the challenges facing the Croatian society: economic development, increased productivity, smaller government, reconciling the imperative of accumulation and the democratic legitimacy and the restoration of moral economy and trust.
Ključne riječi
political economy; moral economy; institutional and social structure of accumulation; crony capitalism; privatisation; transition; path dependency; Croatia
Hrčak ID:
24297
URI
Datum izdavanja:
13.8.2002.
Posjeta: 3.940 *